Arbitration as the Method of Settlement of Investment Disputes against the Kyrgyz Republic
AKIpress Analytics section, March 19, 2013

The Kyrgyz Republic has already participated in several arbitration proceedings. Therefore, it might be reasonable to analyze peculiarities of legal regulation of arbitration in the KR, the causes and consequences of arbitration disputes and make relevant conclusions…

What risks foreign investors should take into account while investing into the Kyrgyz mining sector,
The Times of Central Asia, March 1, 2012.

Overview of Anti-Corruption Laws in Kyrgyz Republic,
Comparative Summary of Anti-Corruption Laws in the CIS Economic Region, 2011,
The CIS Leading Council Network.

What a foreigner should know about tax regime in the Kyrgyz Republic?
The Times of Central Asia, publication expected.

Kyrgyzstan is not an offshore zone and does not provide tax exemptions, but the rates of many of them are not very high.

Senior Associate - Albina Rakhmidinova

Albina Rakhmidinova
Senior Associate

Kyrgyz, Russian, English 

Albina Rakhmidinova is a Senior lawyer and member of the Banking Microfinance & Insurance, Public-Private Partnership and Project Finance Practice Groups of the firm. Albina’s other areas of practice include taxation and contracts.  Albina has extensive experience in representing clients in a variety of banking transactions, including secured lending, financing, refinancing and debt restructuring, and advising foreign and local clients on tax matters. Albina was involved in discussing and drafting public-private partnership (PPP) regulatory framework in the Kyrgyz Republic, including a new PPP law and a number of other related laws and regulations. 


- advised Dutch company, one of the largest financiers of the microfinance sector worldwide, with respect to its loans to Kyrgyz leading micro-credit companies;
- advised one of the largest global development financial institution focused exclusively on the private sector, in connection with its financing of Kyrgyz banks;
- advised major Kyrgyz bank in connection with its corporate loans, financial leasing facilities;
- conducted legal due diligence on number of Kyrgyz companies and assets involving the analysis of corporate performance, rights and interests in movable and immovable property and  commitments;
- filled in an extensive legal questionnaire for a global nutrition, weigh management and skin-care company in connection with a potential taxation of its local distribution network.

Professional Background

Kalikova & Associates Law Firm (since June 2008);
Intern, Economic Cooperation and Integration Division, United Nations Economic Commission for Europe (UNECE), Geneva, Switzerland (January-March 2012);
Intern, Aspen Institute, Environment and Energy Project, Washington DC, USA (January-May 2008);
Intern, International Center for Not-for- Profit Law (ICNL), Bishkek, Kyrgyzstan (June-July 2007);
Lawyer, Legal Clinic of American University of Central Asia (January-April 2006).


LL.B in International & Business Law, American University of Central Asia (2009);
Georgetown University, Washington DC, USA (2008);
American Institute on Political and Economic Systems, Prague, Czech Republic (July-August 2006).

Professional Activities and Affiliations

Association of Lawyers of Kyrgyzstan;
Expert of the Supervisory Board of Center for Promotion of Public Private Partnerships and Investments Public Foundation;
Member of the Team of Public-Private Partnership Specialists of the Central Asia.

Speeches and Presentations, Publications

Global PPP Guide 2016, chapter on Kyrgyzstan/ 2016;
Public-Private Partnerships: Legislative Review - April, 2013, co-authored with Gulnara Kalikova;
10 frequently asked questions about borrowing from Kyrgyz banks, The Times of Central Asia, Retail Banking Section, May 10, 2012, co-authored with Alexander Ahn;
How to Start a Bank in the Kyrgyz Republic?”, The Times of Central Asia 2012, co-authored with Pamira Sainazarova;
Public Private Partnerships: The new opportunities for Kyrgyzstan”, Akipress informational agency, Business and Power column, August 2010, co-authored with Gulnara Kalikova;
“Aircraft Finance: Regulation, Security and Enforcement,” Aircraft Finance online, Sweet & Maxwell Limited, London, 2009, co-authored with Gulnara Kalikova



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